Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business - S&P Global Ratings’ Credit Research

Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business

Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business - S&P Global Ratings’ Credit Research
Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business
Published May 31, 2005
563 words — Published May 31, 2005
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Abstract:

SINGAPORE (Standard&Poor's) June 1, 2005--Standard&Poor's Ratings Services today raised its corporate credit ratings on Singapore Power Ltd. (SingPower) and its wholly owned subsidiary, SP PowerAssets Ltd. (SPPA), to 'AA' from 'AA-'. The outlook is stable. At the same time, the ratings were removed from CreditWatch, where they were placed with positive implication on March 9, 2005. The issue ratings on the medium-term notes of SingPower and SPPA were also raised to 'AA' from 'AA-'. "The rating upgrade follows the completion of the group's sale of its merchant energy business in Australia, and also reflects the group's improved business position as a result of the sale," said Standard&Poor's credit analyst Greg Pau. SingPower sold its

  
Brief Excerpt:

RESEARCH Ratings On Singapore Power, SP PowerAssets Raised To '##' After Sale Of Merchant Business Publication date: 31-May-2005 SINGAPORE (Standard & Poor's) June 1, 2005--Standard & Poor's Ratings Services today raised its corporate...

  
Report Type:

Ratings Action

Ticker
SP@SP
Issuer
Singapore Power Ltd.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers, Structured Finance
Country
Singapore
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business" May 31, 2005. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Singapore-Power-SP-PowerAssets-Raised-To-AA-After-Sale-Of-Merchant-Business-442953>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business May 31, 2005. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Singapore-Power-SP-PowerAssets-Raised-To-AA-After-Sale-Of-Merchant-Business-442953>
  
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